APA’s Share Price Rises on Dividend Distribution

Australia’s largest natural gas infrastructure business, APA Group [ASX:APA] announced the estimated final distribution of 25.5 cents per security for the six months ending 30 June 2019, pushing their share price 1.75% higher at $11.66.APA has a market cap of around 13.5 billion, and a dividend yield of 3.97%.

Australia is a Nation of Idiots

While the sale is still subject to a decision by the Foreign Investment Review Board (FIRB), Durie says that CKI, along with the 100% Chinese government owned State Grid, now control nearly all of Australia’s east coast energy distribution assets